Magazine date:
Feb 2024 Global insurance market: evolution of life and non-life premiums
Figures in millions USD| Year | Life premiums | Evolution | Non life premiums | Evolution | Total premiums | Evolution | |
|---|---|---|---|---|---|---|---|
WORLDWIDE | 2013 | 2 545 045 | -3.2% | 2 048 587 | 4.1% | 4 593 632 | -0.1% |
| 2014 | 2 655 593 | 4.3% | 2 099 118 | 2.5% | 4 754 711 | 3.5% | |
| 2015 | 2 546 941 | -4.1% | 2 050 739 | -2.3% | 4 597 680 | -3.3% | |
| 2016 | 2 581 972 | 1.4% | 2 120 869 | 3.4% | 4 702 841 | 2.3% | |
| 2017 | 2 724 017 | 5.5% | 2 233 490 | 5.3% | 4 957 507 | 5.4% | |
| 2018 | 2 882 179 | 5.8% | 3 266 841 | 46.3% | 6 149 020 | 24% | |
| 2019 | 2 888 248 | 0.2% | 3 396 112 | 4% | 6 284 360 | 2.2% | |
| 2020 | 2 727 176 | -5.6% | 3 564 658 | 5% | 6 291 834 | 0.1% | |
| 2021 | 2 940 266 | 7.8% | 3 824 428 | 7.3% | 6 764 694 | 7.5% | |
| 2022 | 2 813 032 | -4.3% | 3 969 203 | 3.8% | 6 782 235 | 0.3% | |
| Average (1) | 1.1% | 7.6% | 4.4% | ||||
African insurance market: evolution of life and non-life premiums
Figures in millions USD| Year | Life premiums | Evolution | Non life premiums | Evolution | Total premiums | Evolution | |
|---|---|---|---|---|---|---|---|
AFRICA | 2013 | 47 370 | -3.2% | 22 924 | 1.6% | 70 294 | -1.6% |
| 2014 | 47 605 | 0.5% | 22 511 | -1.8% | 70 116 | -0.3% | |
| 2015 | 42 987 | -9.7% | 20 955 | -6.9% | 63 942 | -8.8% | |
| 2016 | 39 465 | -8.2% | 19 943 | -4.8% | 59 408 | -7.1% | |
| 2017 | 43 503 | 10.2% | 21 662 | 8.6% | 65 165 | 9.7% | |
| 2018 | 47 127 | 8.3% | 22 247 | 2.7% | 69 374 | 6.5% | |
| 2019 | 45 911 | -2.6% | 21 371 | -3.9% | 67 282 | -3% | |
| 2020 | 41 829 | -8.9% | 20 052 | -6.2% | 61 881 | -8% | |
| 2021 | 50 393 | 20.5% | 22 899 | 14.2% | 73 292 | 18.4% | |
| 2022 | 46 903 | -6.9% | 23 263 | 1.6% | 70 166 | -4.3% | |
| Average (1) | -0.1% | 0.2% | 0% | ||||
FANAF insurance market: evolution of life and non-life premiums
Figures in millions USD| Year | Life premiums | Evolution | Non life premiums | Evolution | Total premiums | Evolution | |
|---|---|---|---|---|---|---|---|
FANAF | 2013 | 552 | 13.6% | 1 499 | 18.1% | 2 051 | 16.9% |
| 2014 | 529 | -4.2% | 1 354 | -9.7% | 1 883 | -8.2% | |
| 2015 | 521 | -1.5% | 1 374 | 1.5% | 1 895 | 0.6% | |
| 2016 | 569 | 9.2% | 1 309 | -4.7% | 1 878 | -0.9% | |
| 2017 | 723 | 27.1% | 1 522 | 16.3% | 2 245 | 19.5% | |
| 2018 | 735 | 1.7% | 1 522 | 0% | 2 257 | 0.5% | |
| 2019 | 759 | 3.3% | 1 406 | -7.6% | 2 165 | -4.1% | |
| 2020 | 905 | 19.2% | 1 604 | 14.1% | 2 509 | 15.9% | |
| 2021 | 951 | 5.1% | 1 624 | 1.2% | 2 575 | 2.6% | |
| 2022 | 1 002 | 5.4% | 1 702 | 4.8% | 2 704 | 5% | |
| Average (1) | 6.8% | 1.4% | 3.1% | ||||
(1) Average annual evolution over 10 years
Source : FANAF 2024
31/12/2022 : XAF = 0.00163 USD
31/12/2021 : XAF = 0.00173 USD
